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Determine each of the variable cost

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Reference no: EM13514685

Larcker Manufacturing's cost accountant has provided you with the following information for January operations:

Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $105 per unit
Fixed manufacturing overhead costs . . . . . . . . . . . . . . . . $675,000
Sales price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $395 per unit
Variable manufacturing overhead . . . . . . . . . . . . . . . . . . $60 per unit
Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $120 per unit
Fixed marketing and administrative costs . . . . . . . . . . . . $585,000
Units produced and sold . . . . . . . . . . . . . . . . . . . . . . . . . 30,000
Variable marketing and administrative costs . . . . . . . . . . $24 per unit

Required

Determine each of the following:

a. Variable cost.
b. Variable manufacturing cost.
c. Full absorption cost.
d. Full cost.
e. Profit margin.
f. Gross margin.
g. Contribution margin.

Reference no: EM13514685

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